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Emerging Town & Cities leases Myanmar apartments to Huawei for $10.6 mil

Property

Emerging Town & Cities leases Myanmar apartments to Huawei for $10.6 mil

Samantha Chiew Published on Tue, Oct 23, 2018 / 7:23 AM GMT+8

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SINGAPORE (Oct 23): Emerging Town & Cities (ETC) Singapore has signed an agreement with Huawei Technologies to lease 147 residential apartments from the group’s Golden City project.

The units will comprise a combination of one to three-bedroom apartments and be leased out for an initial term of two years with an option to renew on the third, for a total term of three years. The total rent over the period will amount to about US$7.7 million ($10.6 million).

Golden City is a luxury mixed development located in Yangon, Myanmar. The apartments leased to Huawei will be fully furnished with furniture and appliances, while lifestyle amenities such as swimming pool and gym are also available.

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Emerging Town & Cities leases Myanmar apartments to Huawei for $10.6 mil

Property

Emerging Town & Cities leases Myanmar apartments to Huawei for $10.6 mil

Primary tabs

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Emerging Town & Cities leases Myanmar apartments to Huawei for $10.6 mil

Property

Emerging Town & Cities leases Myanmar apartments to Huawei for $10.6 mil

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